KOTAK MAHINDRA IS A BUY !

My previous chart on kotak mahindra bank is a little off, so i thought i'll make a fresh one.

Bullish Signals

• The daily candle formed a bullish engulfing candle.
  
• The Stochastic RSI is oversold and is attempting a reversal.
  
• The MACD on the Daily is converging and had a bullish crossover on the 4H.
  
• This is currently a sideways market, Bollinger bands are useful for determining a reversal. The price action just hit the lower band and reversal with the above mentioned signals.
  

-Kautilya.K

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Strength declining, might retest support again

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